Lets look for reasons not to enter.
1. There isn't any strong presence of bulls.
2. We're still within the channel.
3. BTC.D hasn't shown weakness in the short term as yet.
All valid reasons, and until we can cross those out, there shouldn't be an entry. And if you're already in, if we dont cross these out within the next few candles, then it might be time to plan an exit strategy.
Bearish in nature, however, we're approaching the main Trend Line, on strong support, and also nearing the end of a BB @ 2.5 STD. All factors which will suggest a long opportunity soon.
1. There isn't any strong presence of bulls.
2. We're still within the channel.
3. BTC.D hasn't shown weakness in the short term as yet.
All valid reasons, and until we can cross those out, there shouldn't be an entry. And if you're already in, if we dont cross these out within the next few candles, then it might be time to plan an exit strategy.
Bearish in nature, however, we're approaching the main Trend Line, on strong support, and also nearing the end of a BB @ 2.5 STD. All factors which will suggest a long opportunity soon.
Comment:
We need the rejection off the TL and also from the broken triangle structure.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
